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NOVEMBER 2019

R E AL E S TATE R E P O RT PRESENTED BY THE CASSINA GROUP


MARKET REPORTS In this report, you will find several charts broken down by geographic area which show monthly and year-to-date trends for specific locations; to provide a market analysis that illustrates real estate activity in Charleston. Information includes the number of new and closed listings, median and average sales price, percent of list price received, days on market until sale and more. If you are thinking of making a move or have questions about your home’s specific value, please don’t hesitate to reach out to your agent at The Cassina Group, 843.628.0008.

The Cassina Group: Our Story The Cassina Group was founded in 2006 with a vision of doing real estate differently. By balancing traditional real estate models with unique marketing and emerging technology, The Cassina Group has created a cutting edge and innovative company that serves as a leader in the Charleston market.

Our Philosophy Especially for today’s homebuyers and sellers, The Cassina Group is Charleston’s innovation-driven real estate firm, with a proven reputation for delivering stronger results through leading-edge technology and building lasting relationships. Our pioneering spirit generates a contagious energy enabling us to continually place new ideas into motion. Our strength lies on our people: knowledgeable, professional and committed. We are passionate about a great real estate event and promoting the well-being of our community.


Local Market Update – November 2019

Local Market Update – November 2019

A Research Tool Provided by the Charleston Trident Association of REALTORS®

A Research Tool Provided by the Charleston Trident Association of REALTORS®

Downtown Charleston

Upper Charleston Peninsula

Area 51

Area 52 November

Single-Family Detached

Year to Date

November

Single-Family Detached

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

28

18

- 35.7%

382

436

+ 14.1%

New Listings

19

21

+ 10.5%

255

258

+ 1.2%

Closed Sales

8

13

+ 62.5%

187

163

- 12.8%

Closed Sales

5

7

+ 40.0%

146

170

+ 16.4%

Median Sales Price*

$671,250

$925,000

+ 37.8%

$967,500

$1,000,000

+ 3.4%

Median Sales Price*

$392,000

$490,000

+ 25.0%

$483,175

$460,000

- 4.8%

Average Sales Price*

$1,485,063

$1,460,423

- 1.7%

$1,333,085

$1,416,805

+ 6.3%

Average Sales Price*

$385,900

$473,500

+ 22.7%

$503,043

$489,117

- 2.8%

89.0%

86.9%

- 2.4%

91.7%

89.7%

- 2.2%

Percent of Original List Price Received*

92.5%

90.5%

- 2.2%

94.1%

91.1%

- 3.2%

Days on Market Until Sale

93

109

+ 17.2%

88

95

+ 8.0%

Days on Market Until Sale

121

142

+ 17.4%

54

69

+ 27.8%

Inventory of Homes for Sale

202

196

- 3.0%

--

--

--

Inventory of Homes for Sale

94

72

- 23.4%

--

--

--

Percent of Original List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Townhouse-Condo Attached

Townhouse-Condo Attached

November

Year to Date

November

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

21

24

+ 14.3%

386

376

- 2.6%

New Listings

1

3

+ 200.0%

49

38

- 22.4%

Closed Sales

33

15

- 54.5%

177

154

- 13.0%

Closed Sales

2

1

- 50.0%

27

18

- 33.3%

Median Sales Price*

$746,000

$779,000

+ 4.4%

$610,000

$607,500

- 0.4%

Median Sales Price*

$252,500

$1,175,000

+ 365.3%

$375,000

$274,175

- 26.9%

Average Sales Price*

$726,364

$893,800

+ 23.1%

$753,649

$761,320

+ 1.0%

Average Sales Price*

$252,500

$1,175,000

+ 365.3%

$443,817

$387,158

- 12.8%

97.4%

89.6%

- 8.0%

94.6%

91.1%

- 3.7%

Percent of Original List Price Received*

87.5%

94.0%

+ 7.4%

94.9%

92.6%

- 2.4%

Days on Market Until Sale

37

110

+ 197.3%

76

95

+ 25.0%

Days on Market Until Sale

15

45

+ 200.0%

37

106

+ 186.5%

Inventory of Homes for Sale

172

164

- 4.7%

--

--

--

Inventory of Homes for Sale

17

16

- 5.9%

--

--

--

Percent of Original List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Historical Median Sales Price Single-Family Detached $1,400,000

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Historical Median Sales Price

Rolling 12-Month Calculation

Townhouse-Condo Attached All MLS — Downtown Charleston —

$1,200,000

Single-Family Detached All MLS — Downtown Charleston —

$700,000

$600,000

$600,000

Rolling 12-Month Calculation

Townhouse-Condo Attached All MLS — Upper Charleston Peninsula —

$500,000

$500,000 $400,000

$1,000,000

$500,000 $400,000

$800,000 $400,000

$300,000

$600,000

$300,000 $300,000

$400,000

1-2011

1-2013

1-2015

1-2017

1-2019

$100,000 1-2009

$200,000

$200,000

$200,000

$200,000 $0 1-2009

All MLS — Upper Charleston Peninsula —

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of December 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$100,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

$100,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of December 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.


Local Market Update – November 2019

Local Market Update – November 2019

A Research Tool Provided by the Charleston Trident Association of REALTORS®

A Research Tool Provided by the Charleston Trident Association of REALTORS®

Lower Mount Pleasant

Upper Mount Pleasant

Area 42

Area 41 November

Single-Family Detached

Year to Date

November

Single-Family Detached

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

89

71

- 20.2%

1,078

1,111

+ 3.1%

New Listings

77

96

+ 24.7%

1,423

1,475

+ 3.7%

Closed Sales

50

55

+ 10.0%

753

742

- 1.5%

Closed Sales

65

88

+ 35.4%

892

1,062

+ 19.1%

Median Sales Price*

$574,771

$570,000

- 0.8%

$568,625

$568,450

- 0.0%

Median Sales Price*

$517,500

$497,705

- 3.8%

$520,000

$513,665

- 1.2%

Average Sales Price*

$750,934

$655,857

- 12.7%

$676,156

$686,600

+ 1.5%

Average Sales Price*

$566,898

$540,281

- 4.7%

$573,114

$567,592

- 1.0%

93.5%

92.8%

- 0.7%

95.3%

94.3%

- 1.0%

Percent of Original List Price Received*

95.1%

96.7%

+ 1.7%

96.3%

96.5%

+ 0.2%

Days on Market Until Sale

58

69

+ 19.0%

51

62

+ 21.6%

Days on Market Until Sale

74

72

- 2.7%

74

72

- 2.7%

Inventory of Homes for Sale

275

260

- 5.5%

--

--

--

Inventory of Homes for Sale

442

301

- 31.9%

--

--

--

Percent of Original List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Townhouse-Condo Attached

Townhouse-Condo Attached

November

Year to Date

November

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

30

26

- 13.3%

441

382

- 13.4%

New Listings

27

22

- 18.5%

455

412

- 9.5%

Closed Sales

26

21

- 19.2%

329

299

- 9.1%

Closed Sales

26

19

- 26.9%

331

306

- 7.6%

Median Sales Price*

$255,000

$233,000

- 8.6%

$242,000

$248,500

+ 2.7%

Median Sales Price*

$368,428

$300,000

- 18.6%

$317,630

$304,700

- 4.1%

Average Sales Price*

$504,602

$294,121

- 41.7%

$341,392

$344,137

+ 0.8%

Average Sales Price*

$324,341

$293,640

- 9.5%

$300,731

$292,683

- 2.7%

96.1%

95.0%

- 1.1%

96.7%

95.7%

- 1.0%

Percent of Original List Price Received*

95.7%

96.7%

+ 1.0%

97.4%

96.3%

- 1.1%

Days on Market Until Sale

96

52

- 45.8%

48

53

+ 10.4%

Days on Market Until Sale

63

81

+ 28.6%

49

64

+ 30.6%

Inventory of Homes for Sale

99

82

- 17.2%

--

--

--

Inventory of Homes for Sale

104

84

- 19.2%

--

--

--

Percent of Original List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Historical Median Sales Price Single-Family Detached $600,000

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Historical Median Sales Price

Rolling 12-Month Calculation

Townhouse-Condo Attached All MLS — Lower Mount Pleasant —

Single-Family Detached All MLS — Lower Mount Pleasant —

$260,000

$600,000

Rolling 12-Month Calculation

Townhouse-Condo Attached All MLS — Upper Mount Pleasant —

All MLS — Upper Mount Pleasant —

$350,000

$240,000 $500,000

$500,000

$300,000

$400,000

$250,000

$300,000

$200,000

$200,000

$150,000

$220,000 $400,000

$200,000 $180,000

$300,000

$160,000 $200,000 $140,000 $100,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

$120,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of December 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$100,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

$100,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of December 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.


Local Market Update – November 2019

Local Market Update – November 2019

A Research Tool Provided by the Charleston Trident Association of REALTORS®

A Research Tool Provided by the Charleston Trident Association of REALTORS®

Isle of Palms

Sullivan's Island

Areas 44 & 45

Area 43 November

Single-Family Detached

Year to Date

November

Single-Family Detached

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

22

20

- 9.1%

277

285

+ 2.9%

New Listings

7

6

- 14.3%

87

63

- 27.6%

Closed Sales

7

12

+ 71.4%

170

164

- 3.5%

Closed Sales

5

7

+ 40.0%

59

48

- 18.6%

Median Sales Price*

$975,000

$1,207,500

+ 23.8%

$925,000

$1,097,500

+ 18.6%

Median Sales Price*

$2,770,000

$2,250,000

- 18.8%

$2,050,000

$2,142,500

+ 4.5%

Average Sales Price*

$1,143,429

$1,458,219

+ 27.5%

$1,247,335

$1,420,740

+ 13.9%

Average Sales Price*

$2,379,000

$2,202,857

- 7.4%

$2,198,807

$2,307,872

+ 5.0%

92.7%

89.9%

- 3.0%

92.0%

91.5%

- 0.5%

Percent of Original List Price Received*

90.3%

86.6%

- 4.1%

93.4%

87.8%

- 6.0%

Days on Market Until Sale

46

212

+ 360.9%

113

111

- 1.8%

Days on Market Until Sale

81

153

+ 88.9%

81

115

+ 42.0%

Inventory of Homes for Sale

136

121

- 11.0%

--

--

--

Inventory of Homes for Sale

25

18

- 28.0%

--

--

--

Percent of Original List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Townhouse-Condo Attached

Townhouse-Condo Attached

November

Year to Date

November

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

7

11

+ 57.1%

121

140

+ 15.7%

New Listings

0

1

--

6

3

- 50.0%

Closed Sales

6

5

- 16.7%

88

77

- 12.5%

Closed Sales

0

0

--

2

3

+ 50.0%

Median Sales Price*

$737,500

$423,000

- 42.6%

$582,500

$485,000

- 16.7%

Median Sales Price*

$0

$0

--

$487,500

$1,735,000

+ 255.9%

Average Sales Price*

$725,833

$507,200

- 30.1%

$599,542

$555,588

- 7.3%

Average Sales Price*

$0

$0

--

$487,500

$1,397,500

+ 186.7%

90.7%

96.0%

+ 5.8%

94.0%

94.9%

+ 1.0%

Percent of Original List Price Received*

0.0%

0.0%

--

97.5%

96.5%

- 1.0%

Days on Market Until Sale

220

69

- 68.6%

103

100

- 2.9%

Days on Market Until Sale

0

0

--

13

170

+ 1,207.7%

Inventory of Homes for Sale

66

84

+ 27.3%

--

--

--

Inventory of Homes for Sale

4

1

- 75.0%

--

--

--

Percent of Original List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Historical Median Sales Price

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Historical Median Sales Price

Rolling 12-Month Calculation

Townhouse-Condo Attached

Single-Family Detached

All MLS — Isle of Palms —

$1,200,000

$1,000,000

Townhouse-Condo Attached

Single-Family Detached All MLS — Isle of Palms —

$1,000,000

$800,000

Rolling 12-Month Calculation All MLS — Sullivan's Island —

$2,500,000

All MLS — Sullivan's Island —

$4,000,000

$2,000,000 $3,000,000

$800,000 $600,000

$1,500,000

$400,000

$1,000,000

$200,000

$500,000

$600,000

$2,000,000

$400,000

$200,000

$0 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

$0 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of December 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$0 1-2009

$1,000,000

1-2011

1-2013

1-2015

1-2017

1-2019

$0 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of December 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.


Local Market Update – November 2019

Local Market Update – November 2019

A Research Tool Provided by the Charleston Trident Association of REALTORS®

A Research Tool Provided by the Charleston Trident Association of REALTORS®

James Island

West Ashley Area

Area 21

Areas 11 & 12 November

Single-Family Detached

Year to Date

November

Single-Family Detached

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

64

71

+ 10.9%

878

966

+ 10.0%

New Listings

104

121

+ 16.3%

1,687

1,708

+ 1.2%

Closed Sales

46

48

+ 4.3%

664

659

- 0.8%

Closed Sales

89

93

+ 4.5%

1,268

1,200

- 5.4%

Median Sales Price*

$361,000

$343,500

- 4.8%

$371,000

$360,000

- 3.0%

Median Sales Price*

$300,000

$295,000

- 1.7%

$309,220

$315,000

+ 1.9%

Average Sales Price*

$424,446

$350,771

- 17.4%

$435,775

$441,739

+ 1.4%

Average Sales Price*

$337,227

$313,581

- 7.0%

$344,148

$341,043

- 0.9%

97.2%

93.3%

- 4.0%

96.9%

95.6%

- 1.3%

Percent of Original List Price Received*

95.6%

94.0%

- 1.7%

96.5%

95.3%

- 1.2%

Days on Market Until Sale

34

37

+ 8.8%

39

47

+ 20.5%

Days on Market Until Sale

39

45

+ 15.4%

39

48

+ 23.1%

Inventory of Homes for Sale

225

182

- 19.1%

--

--

--

Inventory of Homes for Sale

377

316

- 16.2%

--

--

--

Percent of Original List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Townhouse-Condo Attached

Townhouse-Condo Attached

November

Year to Date

November

Year to Date

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

Key Metrics

2018

2019

Percent Change

2018

2019

Percent Change

New Listings

13

10

- 23.1%

237

265

+ 11.8%

New Listings

24

41

+ 70.8%

490

574

+ 17.1%

Closed Sales

10

9

- 10.0%

189

221

+ 16.9%

Closed Sales

26

41

+ 57.7%

405

454

+ 12.1%

Median Sales Price*

$164,450

$229,000

+ 39.3%

$195,000

$211,000

+ 8.2%

Median Sales Price*

$187,500

$173,900

- 7.3%

$185,000

$208,500

+ 12.7%

Average Sales Price*

$239,330

$230,656

- 3.6%

$197,848

$224,344

+ 13.4%

Average Sales Price*

$172,140

$180,084

+ 4.6%

$184,681

$207,729

+ 12.5%

96.4%

94.2%

- 2.3%

96.6%

97.3%

+ 0.7%

Percent of Original List Price Received*

97.0%

98.1%

+ 1.1%

97.4%

97.2%

- 0.2%

Days on Market Until Sale

79

49

- 38.0%

48

39

- 18.8%

Days on Market Until Sale

25

45

+ 80.0%

37

45

+ 21.6%

Inventory of Homes for Sale

61

44

- 27.9%

--

--

--

Inventory of Homes for Sale

99

97

- 2.0%

--

--

--

Percent of Original List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Historical Median Sales Price

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Historical Median Sales Price

Rolling 12-Month Calculation

Townhouse-Condo Attached

Single-Family Detached

All MLS — James Island —

$400,000

$350,000

Townhouse-Condo Attached

Single-Family Detached All MLS — James Island —

$220,000

All MLS — West Ashley Area —

$325,000

$200,000

$300,000

$180,000

$275,000

$160,000

$250,000

$140,000

$225,000

$120,000

$200,000

Rolling 12-Month Calculation

$220,000

$200,000

$300,000

$180,000

$250,000

$160,000

$200,000

$150,000 1-2009

All MLS — West Ashley Area —

1-2011

1-2013

1-2015

1-2017

1-2019

$100,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of December 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.

$175,000 1-2009

$140,000

1-2011

1-2013

1-2015

1-2017

1-2019

$120,000 1-2009

1-2011

1-2013

1-2015

1-2017

1-2019

Current as of December 9, 2019. All data from the Charleston Trident Multiple Listing Service. | Sponsored by South Carolina REALTORS®. Report © 2019 ShowingTime. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.


132 East Bay Street, Charleston, SC 29401 69 Morris Street, Charleston, SC 29403 309 Coleman Boulevard, Mount Pleasant, SC 29464

843.628.0008 | TheCassinaGroup.com

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November 2019 Real Estate Report | Presented by The Cassina Group  

November 2019 Real Estate Report | Presented by The Cassina Group  

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